Codina Partners CEO Ana-Marie Codina recently sat down with Bloomberg’s Dani Burger at a Bloomberg New Voices event at the Perez Art Museum in Miami (PAMM) to discuss the pressing housing affordability issues facing South Florida and share insights on the region’s real estate landscape.

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The Supply-Demand Imbalance

South Florida faces a growing affordability problem as housing demand outstrips supply, Codina explained during the interview. The shortage has created unusual market dynamics where rent compression is affecting properties across all classes.

“There’s very little differential between what rents we’re getting versus some of our competitors that have older product or less amenitized products, and that’s a function of supply,” Codina noted. This convergence signals that the region desperately needs additional housing inventory to address the affordability crisis affecting residents at all income levels.

Property Tax Reform: A Complex Equation

The conversation turned to Governor Ron DeSantis’s proposal to eliminate property taxes on owner-occupied homes. While Codina expressed admiration for the governor’s proactive approach to addressing affordability, she raised important concerns about potential unintended consequences.

The proposed property tax restructuring could disproportionately impact renters, who already face significant housing cost pressures. Codina emphasized the need to carefully consider how any changes to the tax system might affect different segments of the housing market, particularly those most vulnerable to rising costs.

Partnership for Miami: A Collaborative Vision

As founding co-chair of Partnership for Miami, Codina is working alongside fellow CEOs to tackle the region’s most pressing challenges. The nonprofit organization, established in 2024, brings together 25 business leaders committed to working for the public good.

The partnership focuses on three critical areas: infrastructure and transportation, education, and affordability. These issues are not unique to Miami, but they require localized solutions to ensure the city remains vibrant and accessible to all residents.

Education and Community Development

On the education front, Codina highlighted Partnership for Miami’s role in bringing Success Academy, one of New York’s prominent charter organizations, to Florida. However, she emphasized that the organization’s philosophy extends beyond any single educational model.

The goal is ensuring every student in Miami-Dade County has access to high-quality education, whether through private schools, charter schools, or public schools. While Miami-Dade outperforms other large school districts like Chicago, New York, and Los Angeles, 40% of students still aren’t reading at or above grade level—a challenge Codina views as a community-wide responsibility.

Looking Ahead

As Codina Partners continues its work transforming Downtown Doral and developing projects like the Sevilla apartment community, our firm remains committed to creating thoughtfully integrated developments that serve the broader community.

Through initiatives like Partnership for Miami and continued advocacy for smart policy solutions, Ana-Marie Codina is helping shape a more equitable and sustainable future for the region’s residents.